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1309 Kennedy RD Toronto E04, ON M1P 2L6
2 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $7,499,500
Subdivision Dorset Park
MLS Listing ID E12185866
Annual Tax Amount $116,559
Tax Year 2024
Property Sub-Type Industrial
Property Description
Incredible opportunity to acquire a fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential. This listing includes both 260 Nantucket Blvd (22,136 SF) and 1309 Kennedy Rd (18,625 SF), situated on a combined 2.598 acres of land in the heart of Scarborough. Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases with staggered expiries between 2026 and 2029, offering a balance of income stability and future leasing flexibility. Together, the properties generate an annual gross rent of approximately $811,745, with an estimated net operating income (NOI) of over $660,000. Additional land situated between the buildings offers potential for future value creation through development or reconfiguration. Zoned ME & MC (1309 Kennedy) and M & VS (260 Nantucket), the properties allow for a broad range of industrial, commercial, automotive, office, and institutional uses. Buyers are advised to conduct their own due diligence on zoning and permitted uses. This is a rare chance to secure a high-performing industrial/commercial asset in one of Toronto's most active and well-connected employment nodes.
Location
Province ON
County Toronto
Community Dorset Park
Area Toronto
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 166.21
Lot Depth 680.85
Others
Security Features Partial
Listed by ROYAL LEPAGE SIGNATURE REALTY